Illinois State Pension Has $130 Billion in Unfunded Liabilities Versus $78 Billion Funded

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Just so Californians don’t feel totally let down by their state and local governments, Illinois is also in fiscal hell.

According to Illinois, Illinois’ interest on their pension funds is $9.1 billion per year. And with $130 billion in unfunded liablilities (versus $78 billion in assets), Illinois is running a perpetually underwater pension plan.


And Illinois’ pension debt of $130 billion is being carried at a whopping 7% interest.

Can Illinois’ pension investments earn greater than 7% per annum?

Don’t worry Nancy. I have a good grasp on Illinois’ finances!!!

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